3. in psychology or psychiatry, conscious or unconscious defenses against change, preventing repressed material from coming into awareness; they can take such forms as forgetfulness, evasions, embarrassment, mental blocks, denial, anger, superficial talk, intellectualization, or intensification of symptoms.
Guaranty vs Guarantee. âGuarantyâ and âguaranteeâ are two English words which are differentiated on the basis of their being a verb and a noun. In modern times, the usages have changed, and the word âguarantyâ is commonly used in legal terms more so than in the common, non-legal English language.
What is the difference between a surety bond and a bank guarantee? Surety bonds are typically conditional whereas bank guarantees are on demand. Only the performance risk lies with the surety, where the bank has the financial risk on the construction project. Accounting wise, surety is accounted for as a liability like other insurance products whereas credit risks in a bank by nature are accounted for on the asset side.